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CLIFTON, N.J. August 11, 2005 –
Electronic Control Security Inc. (OTCBB:EKCS),
a leading provider of electronic security
systems to governments and corporations,
today announced its Board of Directors
has declared the accrued dividend
on outstanding shares of Series A
Convertible Preferred Stock for the
eight quarters from March 15, 2003
through March 14, 2005. The dividend
is payable on August 15, 2005 in shares
of common stock.
Holders of Series A Convertible Preferred
Stock will receive 0.1 shares of Electronic
Control Security Inc. common stock
for each share of Series A Preferred
Stock held through March 14, 2005
(or a pro rata portion of the declared
accrued dividend through the last
day of the quarter preceding the date
on which a holder converted the preferred
stock into common stock). ECSI will
issue an aggregate of 100,628 shares
of common stock in full payment of
the dividend for the two year period.
About ECSI
ECSI is recognized as a global leader
in perimeter security and an effective
quality provider for both the Department
of Defense and Homeland Security programs.
The company designs, manufactures
and markets physical electronic security
systems for high profile, high threat
environments. The employment of risk
assessment and analysis allows ECSI
to determine and address the security
needs of government and commercial-industrial
installations. The company has teaming
agreements with ADT Federal Systems,
ARINC, Hudson Marine Inc., Lockheed
Martin Transportation & Security
Solutions, Parsons Infrastructure
& Technology Group, Radio Holland
Group, SERCO, Inc., STS International,
Tetra Tech, Inc. and other industry
leaders. ECSI is located at 790 Bloomfield
Avenue, Bldg. C-1, Clifton, NJ 07012.
Tel: 973-574-8555; Fax: 973-574-8562;
for more information on ECSI and its
customers please go to http://www.anti-terrorism.com.
ECSI INTERNATIONAL, INC. SAFE HARBOR
STATEMENT: Statements in this press
release, including the statements
relating to projected future financial
performance, are considered forward-looking
statements under the federal securities
laws. Sometimes these statements will
contain words such as "anticipates,"
"expects," "plans,"
"projects," "estimates,"
"outlook," "forecast,"
"guidance," "assumes,"
and other similar words. These statements
are not guarantees of the Corporation's
future performance and are subject
to risks, uncertainties and other
important factors that could cause
the Corporation's actual performance
or achievements to be materially different
from those the Corporation may project.
The Corporation's actual results
will likely be different from those
projected due to the inherent nature
of projections and may be better or
worse than projected. Given these
uncertainties, you should not rely
on forward-looking statements. Forward-looking
statements also represent the Corporation's
estimates and assumptions only as
of the date that they were made. The
Corporation expressly disclaims a
duty to provide updates to forward-looking
statements, and the estimates and
assumptions associated with them,
after the date of this press release
to reflect the occurrence of subsequent
events, changed circumstances or changes
in the Corporation's expectations.
In addition to the factors set forth
in the Corporation's 2004 Form 10-K
and quarterly reports filed on Form
10-Q with the Securities and Exchange
Commission, the following factors
could affect the Corporation's forward-looking
statements: the ability to obtain
or the timing of obtaining future
government awards; the availability
of government funding and customer
requirements both domestically and
internationally; changes in government
or customer priorities due to program
reviews or revisions to strategic
objectives (including changes in priorities
in response to terrorist threats or
to improve homeland security); the
competitive environment; economic
business and political conditions
domestically and internationally;
program performance; the timing and
customer acceptance of product deliveries;
performance issues with key suppliers
and subcontractors; customer and other
regulatory reaction to the proposed
acquisition and the outcome of contingencies
(including completion of any acquisitions
and divestitures, litigation and environmental
remediation efforts). These are only
some of the numerous factors that
may affect the forward-looking statements
contained in this press release.
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